Dow Today: Kraft Foods (KFT) Higher

The Dow Jones Industrial Average ( ^DJI) is trading down 40.0 points (-0.3%) at 13,239 as of Wednesday, May 2, 2012, 11:35 a.m. ET. During this time, 218.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 738.9 million. The NYSE advances/declines ratio sits at 1,026 issues advancing vs. 1,840 declining with 146 unchanged.

The Dow component leading the way higher looks to be Kraft Foods (NYSE: KFT), which is sporting a 15-cent gain (+0.4%) bringing the stock to $39.91. Volume for Kraft Foods currently sits at 4.8 million shares traded vs. an average daily trading volume of 8.3 million shares.

Kraft Foods has a market cap of $70.65 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 6.4% year to date as of Tuesday's close. The stock's dividend yield sits at 2.9%.

Kraft Foods Inc., together with its subsidiaries, manufactures and markets packaged food products worldwide. The company has a P/E ratio of 20, equal to the average food & beverage industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Kraft Foods as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

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